Fulton Bank N.A. Has $226,000 Stock Holdings in Coty Inc. (NYSE:COTY)

Fulton Bank N.A. boosted its holdings in shares of Coty Inc. (NYSE:COTY) by 23.8% in the second quarter, according to its most recent filing with the SEC. The firm owned 22,578 shares of the company’s stock after acquiring an additional 4,340 shares during the period. Fulton Bank N.A.’s holdings in Coty were worth $226,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of COTY. Raymond James & Associates grew its holdings in Coty by 20.4% during the 4th quarter. Raymond James & Associates now owns 286,288 shares of the company’s stock worth $3,556,000 after acquiring an additional 48,419 shares during the period. Arizona State Retirement System boosted its position in shares of Coty by 2.6% during the fourth quarter. Arizona State Retirement System now owns 112,082 shares of the company’s stock worth $1,392,000 after purchasing an additional 2,814 shares in the last quarter. DekaBank Deutsche Girozentrale boosted its position in shares of Coty by 17,661.6% during the fourth quarter. DekaBank Deutsche Girozentrale now owns 502,831 shares of the company’s stock worth $6,196,000 after purchasing an additional 500,000 shares in the last quarter. Graphene Investments SAS boosted its position in shares of Coty by 9.0% during the fourth quarter. Graphene Investments SAS now owns 245,900 shares of the company’s stock worth $3,054,000 after purchasing an additional 20,400 shares in the last quarter. Finally, Geneos Wealth Management Inc. boosted its position in shares of Coty by 248.1% during the fourth quarter. Geneos Wealth Management Inc. now owns 47,698 shares of the company’s stock worth $592,000 after purchasing an additional 33,997 shares in the last quarter. Institutional investors and hedge funds own 42.36% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on COTY shares. Canaccord Genuity Group started coverage on shares of Coty in a research report on Monday, April 15th. They set a “buy” rating and a $14.00 price target on the stock. Bank of America cut their price objective on shares of Coty from $15.00 to $14.00 and set a “buy” rating on the stock in a research report on Wednesday, July 10th. Citigroup cut their price objective on shares of Coty from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Wednesday, July 10th. Piper Sandler cut their price objective on shares of Coty from $15.00 to $13.00 and set an “overweight” rating on the stock in a research report on Thursday, July 11th. Finally, TD Cowen cut their price objective on shares of Coty from $16.00 to $13.00 and set a “buy” rating on the stock in a research report on Wednesday, April 17th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to MarketBeat, Coty presently has an average rating of “Moderate Buy” and an average price target of $12.94.

Coty Stock Up 1.4 %

NYSE:COTY traded up $0.12 on Tuesday, hitting $9.30. 3,512,110 shares of the company’s stock were exchanged, compared to its average volume of 3,849,895. The firm has a 50-day moving average price of $9.92 and a 200-day moving average price of $11.08. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.80 and a quick ratio of 0.50. Coty Inc. has a 52 week low of $8.79 and a 52 week high of $13.30. The company has a market cap of $8.07 billion, a P/E ratio of 40.41, a price-to-earnings-growth ratio of 3.31 and a beta of 1.91.

Coty (NYSE:COTY) last released its quarterly earnings data on Monday, May 6th. The company reported $0.05 earnings per share for the quarter, missing the consensus estimate of $0.06 by ($0.01). The firm had revenue of $1.39 billion for the quarter, compared to analyst estimates of $1.37 billion. Coty had a return on equity of 8.75% and a net margin of 3.59%. The firm’s revenue for the quarter was up 7.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.19 earnings per share. As a group, analysts expect that Coty Inc. will post 0.44 EPS for the current fiscal year.

Coty Profile

Coty Inc, together with its subsidiaries, manufactures, markets, distributes, and sells beauty products worldwide. It operates through Prestige and Consumer Beauty segments. The company provides fragrance, color cosmetics, and skin and body care products. It offers Prestige segment products primarily through prestige retailers, including perfumeries, department stores, e-retailers, direct-to-consumer websites, and duty-free shops under the Burberry, Calvin Klein, Chloe, Davidoff, Escada, Gucci, Hugo Boss, Jil Sander, Joop!, Kylie Jenner, Lancaster, Marc Jacobs, Miu Miu, Orveda, philosophy, SKKN BY KIM, and Tiffany & Co brands.